00:00 Speaker A
Let’s turn now to some of today’s top analyst calls on Wall Street. We’re watching Gap, Home Depot and StubHub. First up, Gap. Jeffries out with a buy call on the retailer upgrading the stock from hold and lifting its price target to 30 bucks a share from 22. The firm says Gap is seeing strong momentum and encouraging data trends that should drive both top and bottom line growth.
00:26 Speaker A
Analyst Cory Tarlo also credits the company’s new leadership for what he calls a strong turnaround at both Gap and Old Navy and says there’s still meaningful upside in beauty, an area he thinks the street is underestimating. Shares are up about 1% in early trade.
00:46 Speaker A
Next, Home Depot. The home improvement giant under some pressure this morning after Stephe cut the stock to hold from buy and slash its price target to 370 bucks a share, down from the prior 440. Analyst struck a cautious tone heading into earnings, warning the home improvement category is stagnant and could weaken further into the holiday period.
01:13 Speaker A
Stephe also flagged weakening traffic, citing recent data and survey trends. As a result, the firm cut estimates for both Home Depot and Lowe, saying its numbers are now meaningfully below consensus.
01:29 Speaker A
Finally, stub up shares are extending that steep sell off down about 24% after earnings plus a fresh downgrade from Bank of America. Despite a top and bottom line beat, B of A says the call raised fresh uncertainty, particularly around 2026 tour timing and the absence of fourth quarter guidance. As a result, analyst Justin Post lowered estimates across the board and cut his rating on the stock to neutral from buy with a new price target of 19 bucks down from 25.
02:04 Speaker A
He added investors likely won’t get any real clarity until StubHub issues full year 2026 guidance on its next earnings call. We’ll keep it right here on Yahoo Finance. We’ll be tracking all the market moves and top calls throughout the session.